Demand for U.S. Long-Term Financial Assets Increases
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Global demand for long-term U.S. financial assets rose in June as investors abroad bought Treasuries and agency debt and sold stocks.
Net buying of long-term equities, notes and bonds totaled $44.4 billion for the month, compared with net purchases of $35.3 billion in May, the Treasury Department reported today in Washington. Including short-term securities such as stock swaps, foreigners sold a net $6.7 billion, the first decrease since January, after buying a net $17.1 billion the previous month.